The U.S. economy grew faster than initially estimated in the third quarter as businesses aggressively accumulated stock, but underlying domestic demand remained sluggish.
Separate data showed the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, a hopeful sign for the labor market recovery.
Gross domestic product grew at a 3.6 percent annual rate instead of the 2.8 percent pace reported earlier, the CommerceDepartment said on Thursday. Economists polled by Reuters had expected output would be revised up to only a 3.0 percent rate.
...
No comments:
Post a Comment